The classical economists believed in all of the following except
A) wages and prices are flexible downward.
B) insufficient aggregate demand could keep an economy in a depression for an extended period of time.
C) recessions were temporary because the economy is self-correcting.
D) laissez faire was the best policy a government could pursue.
Correct Answer:
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Q176: Keynes believed in all of the following
Q177: Which of the following is false?
A)The classical
Q178: Each of the following is consistent with
Q179: All of the following is consistent with
Q180: Assume the aggregate demand curve intersects the
Q182: Manufacturing employment in the United States went
Q183: Demand pull inflation occurs in the _
Q184: Keynes believed
A)increases in investment expenditures are due
Q185: Consumption is a function of _.
Q186: Keynes stated that the amount of savings
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